March ending on a positive note for urea suppliers

摘要

Suppliers of granular and prilled urea finally sighted some more light at the end of the tunnel as March came to a close, and the light was not limited to good or better prospects in the US, for a change. Prompt US values were sustained week on week, but forward trades still reflect fears about when the stream of spot cargos added to the US spot lineup for March and April finally will overwhelm demand. So far the advantage remains with importers who moved early to bring in supplies, as they once again were able to sell loaded barges moving north on tows at nearly $30/st premiums to barges that will not unload until the end of April.